ORANGEVALE, CA — (NewsWire) — 09/22/09 – Biomagnetics Diagnostics Corp., (PINK SHEETS:BMGP – News) a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, today announced it has entered into an agreement with Bright Dairy, which is the third largest dairy products producer and marketer in China. Under the terms of the agreement, Bright Dairy will become the exclusive distributor for China of the portable diagnostics system and assay for bovine tuberculosis.
“We are very excited about this agreement as it will launch us into the worldwide bovine tuberculosis testing market. This affliction costs the worldwide cattle industry billions of dollars per year in losses and is a major health concern for both cattle and humans,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics Corp. “The handheld unit we plan to offer Bright Dairy for distribution throughout China is the same technology platform developed by a U.S. National Laboratory that we will use to enter the market for malaria testing.” Our eventual goal is to be the worldwide leader in handheld diagnostic systems for both of the bovine TB and malaria testing markets. This agreement moves us significantly toward this goal.”
Bright Dairy is stepping up efforts to improve its raw milk production quality and the raising and breeding of its dairy herds and bulls. Part of this program involves widescale testing of the herd for bovine tuberculosis. Bright Dairy and its parent company own 21 large scale dairy farms and leases grazing lands for its other dairy cattle. In addition, the company buys raw milk from about 500 large scale dairy farming cooperatives.
In humans, the vast majority of cases of tuberculosis are caused by Mycobacterium tuberculosis. However, TB can be caused by a number of other bacteria, of which Mycobacterium bovis, “bovine tuberculosis” is one of the more prevalent and has the widest host range of all TB bacteria. Bovine TB appears to be increasing at a similar rate to the total number of cases of TB, and HIV is the greatest factor for progression of TB infection to active TB disease.
About Biomagnetics Diagnostics Corporation
BMGP is an advanced medical device and biotechnology company. Our revolutionary diagnostics system tests for any viral, or bacterial disease using any body fluid. Initial tests will include HIV, Hepatitis B, H-Pylori, and HPV. Our system will detect the presence of viruses/bacterium itself, not antibodies produced by the body’s immune system, which may take weeks/months to appear. This allows for earlier detection and treatment, while delivering the tests at a fraction of current costs. Biomagnetics plans to have products in use in China by the end of 2010 followed by US and European sales in 2011.
About Bright Dairy
Bright Dairy, a Shanghai based company and the 3rd largest dairy products producer and marketer in China operates fresh milk packaging plants in the capital Beijing, Wuhan in Hubei Province, Xi’an in Sha’anxi Province, Wuxi and Nanjing in Jiangsu Province.
Forward Looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performances of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
Contact:
Clayton Hardman
Biomagnetics Diagnostics Corp
(916) 987-7078
Joe Noel
(925) 922-2560